How To Fix FVD_COND_VERIFIER_D103 - Condition item &1 requiers entry for interest calculation frequency

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_COND_VERIFIER_D - Condition Verifier

• Message number: 103

• Message text: Condition item &1 requiers entry for interest calculation frequency

What causes this issue?

The <LS>Exponential Interest Calculation</> indicator has been set for
the condition item with condition type &V1& and condition type key &V2&,
effective from &V3&, but no interest settlement frequency has been
specified.

System Response

The loan conditions contain errors and therefore cannot be saved.

How to fix this error?

Remove the condition item in question from the loans conditions, enter
an interest settlement frequency, or remove the <LS>Exponential Interest
Calculation</> indicator.
If this is not possible in your user interface, contact your system
administrator.

Procedure for System Administrators

The complete key for the condition item is &V4&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_COND_VERIFIER_D103 - Condition item &1 requiers entry for interest calculation frequency ?

  The SAP error message FVD_COND_VERIFIER_D103 indicates that a condition item in a financial transaction requires an entry for the interest calculation frequency. This error typically arises in the context of financial services, particularly in the area of loan management or interest calculation.
  Cause:
  The error occurs when:
  
  A condition item (like an interest rate) is set up in a financial transaction, but the system does not have a defined frequency for calculating interest (e.g., monthly, quarterly, annually).
  The configuration for the condition type does not include a valid interest calculation frequency.
  The relevant data for the condition item is incomplete or incorrectly maintained.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Condition Item Configuration:
  
  Go to the configuration settings for the condition type associated with the condition item in question.
  Ensure that the interest calculation frequency is defined correctly. This can usually be done in the customizing settings under Financial Services.
  
  
  
  Maintain Interest Calculation Frequency:
  
  Navigate to the relevant transaction or configuration area where you can maintain the interest calculation frequency.
  Ensure that the frequency is set up correctly for the condition item. This may involve specifying how often interest should be calculated (e.g., daily, monthly).
  
  
  
  Review Transaction Data:
  
  Check the specific transaction that is generating the error. Ensure that all required fields, including the interest calculation frequency, are filled out correctly.
  If the transaction is being created or modified, make sure that the necessary data is entered before saving.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the condition type and its requirements.
  If you have access to SAP Notes, search for any relevant notes that might address this specific error.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Depending on your SAP version, you may use transaction codes like SPRO for configuration or FBL1N for vendor line items to check related data.
  SAP Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal SAP team for further assistance.
  User Roles: Ensure that you have the necessary permissions to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the error message FVD_COND_VERIFIER_D103 and ensure that the interest calculation frequency is properly defined for the condition item in question.